U.S. asks Argentina to be patient with economy under Macri

Source: CNBCBy: Hugh Bronstein08.04.2016

"Getting rid of bad habits takes a little bit of time and investment takes a little bit of time to take hold and begin to create momentum," said U.S. Secretary of State John Kerry. "But I am 100 percent confident, as is President Obama, that Argentina is on the right course. People need to be patient."

Macri's market-friendly policies follow eight years of heavy state control of the economy under previous leader Cristina Fernandez. "A sea change is taking place here," Kerry said.